LINCOLN PARK — Neighbors of the Lincoln Yards mega-development can tune in this week for a virtual update on the controversial riverfront project — the first public meeting on the project in months.
The Sheffield Neighborhood Association and Ald. Brian Hopkins (2nd) will provide an update on Lincoln Yards 6-7 p.m. Thursday. The meeting will be facilitated by neighborhood association President Brian Comer and will be held on Zoom, Hopkins said in an email newsletter.
You must RSVP online to attend the meeting and attendance will be limited to 500 people. Attendees may submit questions via the registration form. For more information about this event, contact Hopkins by email.
The $6 billion project from developer Sterling Bay aims to turn 55 acres along the Chicago River into a neighborhood with housing and retail.
Neighboring residents, business owners and activists fought the project during months of hotly contested debates. But in April 2019, City Council voted to approve $1.6 billion in subsidies for Lincoln Yards and The 78, a separate development near South Loop. Lincoln Yards received $1.3 billion.
The Lincoln Yards TIF district, named the Cortland and Chicago River TIF, will generate at least $900 million to cover the cost of infrastructure projects to pave the way for Lincoln Yards. Public funds will be reimbursed to Sterling Bay only after the projects are completed — and only if they meet city standards.
This year, Sterling Bay plans to break ground on a life sciences building and begin $35 million in infrastructure projects, including a new bridge and the extension of the Bloomingdale Trail beyond the Kennedy Expressway.
Thursday’s meeting follows recent complaints about the 14-person Lincoln Yards Community Advisory Council, a group advising Mayor Lori Lightfoot on plans at the site.
David Lissner, Ranch Triangle Neighbors Association president, wrote to Lightfoot in December saying the council lacked neighbor participation. The city received hundreds of applications for the council, but Lissner said no one from his neighborhood — the closest to Lincoln Yards, geographically — was selected.
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